Monday, May 27, 2013

What is Bitcoin? Infographic

What is a bitcoin?
The virtual currency enables direct payment over the Internet between two individuals by skipping the middle man, such as a bank or credit card company. Bitcoin transactions — with fees that are much lower than what financial institutions charge — rely on cryptography to prevent double spending, counterfeiting or theft.
Read related article.

What is Bitcoin

Sources: bitcoin.org; blockchain.info; MIT Technology Review.  
By Bill Webster and Todd Lindeman/



New - Bitcoin for free Pinterest Board

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